how to save money ....i am a software firm owner....
also suggest ways to retain staff....they are all running to biggies...
2006-12-19 23:42:59 · 5 answers · asked by nickname111 2 in Business & Finance ➔ Small Business
1) You can provide share in the company's profit to retain the staff.
2) Use cost cutting techniques Like Travel in economy class instead of Business class.
3) Try to cut electricity bills by switching off the monitor in the night or when PC is not used.
2006-12-19 23:48:50 · answer #1 · answered by Vicky 2 · 0⤊ 0⤋
What actually you mean by software firm owner?
To save money, you must have a good survey of the market you are dealing with and how much penetration do you have. Engage employees as per strict requirements and you have to work very hard on your own because it is you to set the examples to your employees. As you have a good ground on the business gradually increase staffs in contract service and add or delete as per your requirements.
2006-12-20 07:57:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Why not induce increased sales? With additional income you could provide incentives for your staff to retain them. Balances can be saved.
2006-12-20 08:16:20 · answer #3 · answered by JP E 4 · 0⤊ 0⤋
you must sell your team your vision and dream. People always aspire to be part of something more than the work they do.
So it's not about saving money, but investing in people and things that will grow your business.
If you want to save money, then look at your overheads and find hidden opportunities to save there.
Also put 10% away in a savings account and don't touch it...
2006-12-20 07:52:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You watch every single cent that is spent....you know where to cut back, conserve, and give of your own labor....common sense will help you know when to hold em or when to fold em......
2006-12-20 07:59:05 · answer #5 · answered by basport_2000 5 · 0⤊ 0⤋